Without a doubt, the Economic and Monetary Union needs to be strengthened. In 2015, the Five Presidents’ Report already spoke about a house that was still being built. In 2017, the European Commission’s report underscored the need to improve its resilience to shocks.

Plus, everyone agrees that the current cyclical environment is propitious for entering discussions on strengtheningEMU: it is best to repair the roof when the weather is nice.